Commodity ratio · live
Propane to Milk Ratio
The propane to milk ratio is 0.04510 — Propane at $0.7500 per Gallon divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Propane to Milk ratio
1.000 Gal of propane = 0.04510 Cwt of milk
Inverse (MILK/PROP): 22.17 — one Hundredweight of milk buys that much propane.
Close to the middle of its 1 year range. (64th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Milk
$16.63
per Hundredweight
Unit basis: USD per Gallon ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Gallon of propane. Prices as of Mon, 24 Aug 2026 11:19:15 GMT.
1Y average
0.04388
median 0.04378
1Y low
0.03584
Nov 2, 2025
1Y high
0.05372
May 4, 2026
Normal band
0.03987–0.04789
mean ± 1 std dev
Deviation from mean
+0.30σ
359 observations
Propane to Milk ratio charts
Pick a range once — it applies to the PROP/MILK ratio line, the OHLC candles and the Propane / Milk price chart below.
PROP/MILK ratio line
How many Cwt of Milk one Gal of Propane buys, over 1Y.
PROP/MILK ratio candles
Open, high, low and close of the PROP/MILK ratio for each period in the last 1Y.
Propane and Milk prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the propane to milk ratio
Propane to Milk ratio = Propane price per Gallon ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $16.63 = 0.04510. The inverse is 22.17.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the propane to milk ratio today?
The propane to milk ratio is 0.04510 — Propane at $0.7500 per Gallon divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the propane to milk ratio?
Divide the propane price per Gallon by the milk price per Hundredweight. If the two units differ, the result is a rate rather than a plain count — read it as Hundredweights of milk per Gallon of propane.
What is the inverse of the propane to milk ratio?
The inverse, milk to propane, is 22.17 — how many Gallons of propane one Hundredweight of milk buys.